The bottom line? Paul Krugman proving once again that he lives in some sort of parallel universe: "For Medicare, with all its flaws, works better than private insurance. It has less bureaucracy and, hence, lower administrative costs than private insurers. It has been more successful in controlling costs." Really? Does he believe this crap? Does he have ageing parents? Has he seen the bureaucratic paperwork jungle seniors must navigate?
As with absolutely every industry in which the government regulates the most, prices for private insurance are raising faster than (official) inflation. Why is he not screaming about the fact that colleges are raising tuition faster than even the costs of healthcare are raising?
Has anyone asked the question, "Why is the price of college tuition outpacing even the price of health care, when in reality the actual cost to deliver an education, due to technology advances, is significantly decreasing?" Could it be that with the nationalization of student loans the free market is skewed? Could it be that the same thing is occurring in private insurance (notice I did not say healthcare - healthcare and health insurance are two very different things).
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